Brexit prompts Norway to reassess planned power cable to Britain

Uncertainties over Britain’s departure from the EU have prompted Norway to ask its power regulator to further assess the viability of a planned subsea power cable between the country and Britain. The privately-owned NorthConnect cable already faces political opposition in Norway, where its construction is at risk of being cancelled after governing parties last year proposed that new interconnectors to other countries should be state-owned. “The fact that the future relationship between the UK and the European Union remains unresolved contributes to the uncertainty in the matter being addressed,” the oil and energy ministry said. Norway’s grid operator Statnett had earlier raised Brexit as an additional concern because of possible new arrangements and tariffs. Statnett is already building two 1.4 (GW) subsea cables of its own to Germany and Britain, which are due to start operating in 2020 and 2021 respectively. - Reuters -



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